Gigamon Inc. (NYSE:GIMO) insider Paul B. Shinn sold 3,273 shares of the company’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $58.38, for a total transaction of $191,077.74. Following the transaction, the insider now owns 27,826 shares in the company, valued at $1,624,481.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Gigamon Inc. (NYSE:GIMO) traded up 1.31% during trading on Monday, hitting $59.42. 229,724 shares of the stock were exchanged. Gigamon Inc. has a 12-month low of $21.23 and a 12-month high of $59.80. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 48.67 and a beta of 1.75. The stock’s 50 day moving average is $53.46 and its 200-day moving average is $43.55.

Gigamon (NYSE:GIMO) last released its earnings results on Thursday, October 27th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.05. The firm earned $83.50 million during the quarter, compared to analysts’ expectations of $79.56 million. Gigamon had a net margin of 15.56% and a return on equity of 7.15%. The business’s quarterly revenue was up 47.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 EPS. Equities research analysts anticipate that Gigamon Inc. will post $1.26 EPS for the current year.

Insider Buying and Selling by Quarter for Gigamon (NYSE:GIMO)

Several brokerages recently issued reports on GIMO. Rosenblatt Securities set a $70.00 price objective on shares of Gigamon and gave the company a “buy” rating in a research note on Monday, November 14th. Needham & Company LLC reissued a “buy” rating and set a $58.00 price objective on shares of Gigamon in a research note on Monday, November 7th. Zacks Investment Research raised shares of Gigamon from a “sell” rating to a “hold” rating and set a $59.00 price objective on the stock in a research note on Tuesday, November 1st. Bank of America Corp. raised shares of Gigamon from a “neutral” rating to a “buy” rating and upped their price objective for the company from $48.00 to $61.00 in a research note on Thursday, October 13th. Finally, JMP Securities began coverage on shares of Gigamon in a research note on Thursday, October 6th. They set a “market perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $56.71.

A number of institutional investors have recently added to or reduced their stakes in GIMO. Thompson Davis & CO. Inc. boosted its position in Gigamon by 150.0% in the third quarter. Thompson Davis & CO. Inc. now owns 1,875 shares of the company’s stock valued at $103,000 after buying an additional 1,125 shares during the last quarter. BlackRock Japan Co. Ltd raised its stake in shares of Gigamon by 15.1% in the third quarter. BlackRock Japan Co. Ltd now owns 2,003 shares of the company’s stock valued at $110,000 after buying an additional 263 shares during the period. Advisor Group Inc. acquired a new stake in shares of Gigamon during the second quarter valued at about $112,000. US Bancorp DE raised its stake in shares of Gigamon by 15.4% in the third quarter. US Bancorp DE now owns 2,619 shares of the company’s stock valued at $144,000 after buying an additional 349 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in shares of Gigamon by 84.9% in the second quarter. Teacher Retirement System of Texas now owns 3,870 shares of the company’s stock valued at $145,000 after buying an additional 1,777 shares during the period. Hedge funds and other institutional investors own 76.92% of the company’s stock.

About Gigamon

Gigamon Inc offers solutions that deliver visibility and control of traffic across networks. The Company’s Visibility Fabric solution consists of a distributed system of nodes that enable a level of visibility, modification and control of network traffic. Its GigaSECURE Security Delivery Platform enables the delivery of network, data as a service, for multiple security tools.

5 Day Chart for NYSE:GIMO

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